Fingers crossed, this epic may come to a close tonight as the boards meet simultaneously, just a few blocks apart. If the agreement is accepted in closed session, then it is likely that specific terms will be made public.
Bets are that the final upshot will be that PCS will pay more for a shorter term than if they had simply extended the FUA one year ago. Without their self-serving interpretation of Prop 39 – claiming all of the benefits and none of responsibilities – they could have had a straightforward renewal.
We’re anxious to see the final wording, holding out hope that SCCS held the line on behalf of all districts in California by not allowing PCS to cherry pick elements of Prop 39 applied to an open market lease.
Here’s the story.